2014-12-16 Smart Money Report (C) (GRUB)

Posted on December 16th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-12-16 Smart Money Report (C) (GRUB)

Smart Money Report

AMJ- The Jan 2015 $41/$45 bull risk reversal was put on 5,000 times for a $0.45 debit. Volume was above the open interest in both options. This is a bullish bet on the MLP companies. There was also a buyer of 5,000 Jan 2015 $40/$45 bull risk reversals for a $0 debit.
C- 5,270 Jan 30 weekly $48.50 puts were sold for $0.78 each, against no previous open interest. Shares of Citigroup are trading back at the 100-day simple moving average. Earnings are due out on 1/15. The stock has moved higher after earnings on 3 straight reports.
GRUB- 3,527 Mar 2015 $35 calls were purchased for $2.50 each, against open interest of 531 contracts. Call activity is 10x the average daily volume in GrubHub. Implied volatility rose 6.8% to 52.17. This morning Goldman Sachs upgraded the stock to buy … Read More »

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